Ep. 904: Roger Martin Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 21 September 2020
⏱️ 56 minutes
🧾️ Download transcript
Summary
My guest today is Roger L. Martin, a Professor of Strategic Management, Emeritus, at the University of Toronto's Rotman School of Management, where he served as Dean (1998–2013) and as Director of the Martin Prosperity Institute (2013–2019). In 2017 Thinkers50 named him the world's #1 management thinker.
The topic is his book When More Is Not Better: Overcoming America's Obsession with Economic Efficiency.
In this episode of Trend Following Radio we discuss:
- Economic Stagnation
- Economic Growth
- Political Change in America
- Machine Economy
- 2020
- Economic Efficiency
- Monopolies
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | This is trend following radio where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Coval, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.4 | My guest today is Roger Martin. |
| 0:35.8 | He is the professor of strategic management emeritus at the University of Toronto's |
| 0:41.6 | Rotman School of Management. |
| 0:43.2 | When it comes to management, Roger has all the accolades, often labeled one of the top |
| 0:48.6 | management thinkers globally. |
| 0:51.9 | Roger's new book, When More is Not Better, Overcoming America's Obsession with Economic Efficiency. |
| 0:59.4 | And Roger has a pretty damn big fundamental problem that he sees. |
| 1:04.7 | We've treated the economy as a machine pursuing ever greater efficiency as an inherent good. But efficiency has become too much |
| 1:14.9 | of a good thing. Look, our obsession with this efficiency, it shifted our economy. We used to have |
| 1:23.4 | a large middle class, smaller numbers of rich and poor, like the bell curve. Now it's a thin, |
| 1:32.8 | outlier grouping of already super rich getting richer. Now look, I'm the biggest market guy in the |
| 1:41.5 | world. I salute Jeff Bezos. |
| 1:49.4 | But again, as Roger points out, have we gone too far? Has efficiency pushed us to something that's not sustainable? |
| 1:56.4 | Without any further delay, let's jump right into my conversation with Roger Martin. |
| 2:21.5 | Roger, you've got right here at the tip of the spear this nice controversial topic that we all are kind of either talking about in our own tribes or yelling at other tribes. We all know there's an issue |
| 2:30.2 | and we're not really getting much resolution. It starts with the word capitalism. There is a, |
| 2:37.0 | whether one calls themselves liberal or whether one calls themselves conservative or libertarian, |
| 2:43.6 | if they're at all honest with themselves, they have to admit we're at a point in time |
... |
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